The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.
If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.
On the sectoral front, Nifty Media, IT, Auto, and FMCG stocks are weighing down the charts.
The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
Nifty Auto index registered a gain of about 1%.
The business will be set up under a new venture ‘Novel Jewels Ltd.'
The Wonderla Holidays Ltd stock has delivered a return of 62.15 % over the past five years.
Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders
In May 2023, the company’s domestic sales of passenger vehicles stood at 45,878 units.
The government announced that from June 1 subsidy will be reduced to 15%.